Owens Corning Incorporated



) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.2%. By the end of trading, Owens Corning Incorporated fell $1.54 (-5.6%) to $26.13 on average volume. Throughout the day, 2.6 million shares of Owens Corning Incorporated exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in price between $26.05-$28.05 after having opened the day at $27.93 as compared to the previous trading day's close of $27.67. Other company's within the Industrial Goods sector that declined today were:

China Advanced Construction Materials Group



), down 20%,




), down 18.1%,

Integrated Electrical Services



), down 8.4%, and

Eagle Materials



), down 7.1%.

Owens Corning engages in the provision of composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. Owens Corning Incorporated has a market cap of $3.43 billion and is part of the

materials & construction

industry. The company has a P/E ratio of 16.7, below the average materials & construction industry P/E ratio of 17 and below the S&P 500 P/E ratio of 17.7. Shares are down 3.7% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Owens Corning Incorporated a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Owens Corning Incorporated as a


. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front,

China Development Group Corporation



), up 12.5%,

Astrotech Corporation



), up 8.1%,

Chicago Bridge & Iron Company



), up 7.8%, and

Guanwei Recycling



), up 6.8%, were all gainers within the industrial goods sector with

Illinois Tool Works



) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider

Industrial Select Sector SPDR



) while those bearish on the industrial goods sector could consider

ProShares Short Dow 30